ConvergEx Group Receives Two Buy-Side Technology Awards

NEW YORK, Nov. 7, 2012 /PRNewswire/ -- ConvergEx Group, a leading technology company, today announced that it has received two prestigious awards at the 2012 Buy-Side Technology Awards. ConvergEx's order management system, the Eze OMS™, was named Best Buy-Side OMS for the second consecutive year, and AbraxasSM, ConvergEx's advanced tactical trading algorithm, was named Best Buy-Side Algorithmic Product.

The 6th annual Buy-Side Technology Awards recognize leading technologies and vendors, chosen by the input and experience of seven judges - five buy-side-focused technology consultants and two of Buy-Side Technology's editors.

"We are incredibly proud of our cutting-edge technologies and honored to receive these awards. Our dedication to constant innovation and full partnership with our customers continues to be critical to success – both theirs and ours," said Joseph M. Velli, chairman and chief executive officer of ConvergEx Group. "We would like to thank our staff for their unwavering commitment to building best-of-breed products and for their tireless service to our customers."

The award‐winning Eze OMS leverages a real‐time open architecture to streamline the investment cycle for all asset classes – from idea generation through settlement. The Eze OMS provides functionality to support portfolio management, compliance, trading and operations in a single platform.

CIO, CTO & Developer Resources

The Abraxas algorithm was designed for orders requiring particularly careful execution. Using a proprietary Multi‐Dimensional Sensitivity Profile, Abraxas exploits hidden liquidity, favorable price movements and volatility changes, while nimbly navigating difficult markets. Developed by the financial engineers of ConvergEx, Abraxas was built using the combined power of the firm's technological expertise, coupled with its vast global marketplace knowledge.

About ConvergEx Group

ConvergEx Group is a leading technology company providing mission-critical proprietary software products and technology-enabled services to asset managers and financial intermediaries globally. Its products and services span the investment life cycle and are designed to enable customers to achieve improved results through operational and workflow efficiencies, execution and analytical tools and highly personalized service. The firm serves more than 4,000 customers accessing over 100 global markets. Formed in 2006, the firm has over 1,250 employees located in 23 cities throughout the Americas, Europe, Middle East, Africa and Asia-Pacific.

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